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3 Stocks Pushing The Computer Software & Services Industry Lower

2. As of noon trading,
Catamaran (
CTRX) is down $0.43 (-0.8%) to $55.78 on average volume Thus far, 783,680 shares of Catamaran exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $55.45-$56.68 after having opened the day at $56.68 as compared to the previous trading day's close of $56.21.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology solutions to the healthcare benefits management industry in North America. Catamaran has a market cap of $11.6 billion and is part of the technology sector. The company has a P/E ratio of 80.4, above the S&P 500 P/E ratio of 17.7. Shares are up 19.4% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Catamaran a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Catamaran as a
buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full
Catamaran Ratings Report now.